FXStreet – Canada’s Central Bank has refrained on Wednesday from a Change in the monetary policy. The key rate will stay unchanged at 0.5 percent, reported the Central Bank. Bank economists had expected, the majority of with the decision.
The canadian Dollar went up after the decision to the U.S. Dollar through the ceiling and jumped by almost 100 Pips to the North.
Inflation is broadly consistent with the projections of the Central Bank.
Wage growth is still muted and core inflation is below the target of 2 percent. There is great excess capacity in the economy.
The process of adjustment of the canadian economy to the lower Oil prices is largely completed, and the latest economic data were encouraging, including the indicators to business investment.
** FXStreet News Editorial, FXStreet**